Aeon, GS Yuasa, Marubeni, McDonald’s: Japan Stocks Preview

The following companies may have unusual price changes in Japanese trading today. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut unless stated otherwise.

ABC-Mart Inc. (2670) (2670 JT): The shoe retailer said net income fell 7.9 percent to 6.98 billion yen ($91 million) in the six months ended Aug. 31, while first-half operating profit rose 7.7 percent to 13.9 billion yen. The stock slipped 0.5 percent to 2,995 yen.

Aeon Co. (8267 JT): Japan’s biggest supermarket chain raised its full-year profit forecast by as much as 36 percent, citing a plan to buy two Japanese supermarket chains and efforts to recover its businesses in regions struck by the March 11 earthquake. Aeon said it will spend 45 billion yen to acquire Japanese regional supermarket chains Marunaka Co. and Sanyo Marunaka KK. Aeon slid 0.7 percent to 1,027 yen.

GS Yuasa Corp. (6674) (6674 JT), Mitsubishi Corp. (8058) (8058 JT), Mitsubishi Motors Corp. (7211) (7211 JT): The joint venture by the companies will invest between 20 billion yen and 30 billion yen to build a factory to produce lithium-ion batteries for cars, the Nikkei newspaper reported. GS Yuasa lost 3.8 percent to 329 yen. Mitsubishi slid 2.2 percent to 1,397 yen. Mitsubishi Motors fell 1 percent to 101 yen.

Hitachi Ltd. (6501) (6501 JT): The electronics maker said its U.S. subsidiary will acquire Shoden Data Systems, a South Africa- based provider of data center technology solutions, without specifying deal terms. Hitachi slipped 2.2 percent to 363 yen.

Izumi Co. (8273 JT): The shopping-center operator boosted its full-year net income outlook 8.2 percent to 10.6 billion yen. The stock lost 3.4 percent to 1,146 yen.

Kirin Holdings Co. (2503 JT): Japan’s biggest beverage maker by market value will book an 18.8 billion yen securities valuation charge in the three months ended Sept. 30. The company is evaluating the impact of the charge on its full-year profit forecast, according to a statement. The stock rose 1.3 percent to 1,006 yen.

Kohnan Shoji Co. (7516 JT): The home-improvement retailer raised its full-year net income outlook 28 percent to 10 billion yen, after avoiding impaired asset losses it had expected. The stock declined 1.6 percent to 1,271 yen.

Marubeni Corp. (8002) (8002 JT): The trading company plans to build geothermal power plants in northern Japan by fiscal year 2013, the Nikkei newspaper said. The stock sank 5.1 percent to 374 yen.

McDonald’s Holdings Co. (Japan) Ltd. (2702 JQ): The fast- food chain said September same-store sales rose 4.8 percent from a year earlier. The stock added 0.1 percent to 2,065 yen.

Ministop Co. (9946 JT): The convenience store chain said net income in the six months ended Aug. 31 fell 9.6 percent to 1.94 billion yen, partly dragged down by a disaster-related charge. First-half operating profit rose 15 percent to 5.05 billion yen on higher revenue, the retailer said in a release. The stock was unchanged at 1,459 yen.

Mitsubishi Materials Corp. (5711) (5711 JT): Japan’s third-largest copper producer has lifted a force majeure on concentrate shipments to its Onahama smelter, more than six months after it was declared following the March earthquake and tsunami. The stock rose 0.6 percent to 180 yen.

Sega Sammy Holdings Inc. (6460) (6460 JT): The game maker’s net income was about 2 billion yen in the six months ended Sept. 30 on improved profit margins in its pachinko business and lower advertising costs, according to a preliminary earnings statement. Sega Sammy had forecast a first-half loss of 3 billion yen. The stock declined 2.8 percent to 1,769 yen.

Union Tool Co. (6278) (6278 JT): The maker of drill bits cut its full-year net income projection 20 percent to 1.45 billion yen, saying disruptions in auto production after the March earthquake and the stronger yen hurt earnings. The stock dropped 2.1 percent to 1,285 yen.

Yokogawa Electric Corp. (6841) (6841 JT): Operating profit at the maker of electronic measuring tools rose 42 percent to about 5.5 billion yen in the six months ended September, about 1 billion yen more than its outlook, on higher demand of plant control systems from energy explorers, the Nikkei newspaper reported. The stock rose 0.3 percent to 731 yen.

To contact the reporter on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net

To contact the editor responsible for this story: John McCluskey at j.mccluskey@bloomberg.net.

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